The Consumer Financial Protection Bureau (CFPB) has released an advisory opinion and research report highlighting predatory lending concerns related to contract-for-deed home selling. In a press statement, the CFPB warned that contract-to-deed transactions “often have...
Miami-based Doma Title Insurance Inc. has partnered with Intellicheck, a provider of digital and physical identity validation solutions, to offer Doma’s independent title agents and approved attorneys a new tool designed to detect seller impersonation. During 2023,...
A former real estate agent in Australia was sentenced to four months in prison for misusing his clients’ homebuying deposits. News.com.au reported Justin Scavo, who was sole director of Revolve Real Estate, started withdrawing money from the trust accounts of four...
Seller impersonation fraud is growing across the US real estate industry, according to new data from the American Land Title Association (ALTA) that found 28% of title insurance companies experiencing at least one seller impersonation fraud attempt last year while two...
A Nigerian national pleaded guilty to defrauding homeowners and real estate professionals out of down payments in a “man-in-the-middle” email phishing and spoofing scheme. According to an announcement by the office of U.S. Attorney for the Northern District of Texas,...